REISSUES

It appears that the Project has been delayed by a year. Has anybody heard from the company regarding this?

luthrar

All,

I contacted Unitech's Noida office on the 15th January and was informed by a gentlemen called Amit Singh that the super structures for all towers have been completed and that appartment structures where on going. At this stage the appartments are 4 months behind the initial proposed date of April 2008; pushing completion to August 2008. I did ask if this was a conservative estimate but received no sensible reply. I would therefore suggest one take a view that completion is more likely to be by 4th quarter of 2008.

What concerns me most is that a company like Unitech does not actively keep it's clients updated. If you are informed of project delivery status and such delays regularly it gives clients confidence, and some peace of mind.

I would urge any investors in this project to call Unitech regularly and demand updates on a monthly basis.

luthrar

Have heard from Unitech directly that Unitech Horizons in Greater Noida is ready (November 05, 2008) and possession take up has started.

sanands

http://groups.yahoo.com/group/unitec...zon_residents/

On behalf of apartment owners of Unitech Horizon, Greater Noida, would like to highlight the trade malpractices followed by Unitech which is considered as an esteemed real estate company of India. Unitech is taking its customers for a toss.

1. Delay in giving possession of apartments by more than 1 year from the original promised date. Even after paying 95% of the cost of apartment, owners are at the mercy of Unitech.

2. Possession letter comes with a shock of enormous increase in super area to already distressed customers. All of the sudden without any prior intimation Unitech has increased super area by as high as 68 sq. ft. at the time of possession. Not even a single sq. ft. of the increased area encompasses carpet area.

3. Time given for the possession is decreased from 30 days (as per contract) to 21 days. I believe in such a time of crisis glooming all over world, Unitech is in a desperate need of money.

4. Exorbitant increase in the maintenance charges from Rs. 1.25/= per sq. ft. to Rs. 2.50/= per sq. ft. Basic amenities for which the maintenance charges are given are not yet ready.

5. Unitech is seeking advance maintenance charges for a period of two years, even though the contract says for 1 year.

6. Society is in inhabitable state as no electricity is available from NPCL. Using power backup will cost as high as 200% to 300% of NPCL rates.

7. No Service Level Agreement is provided for maintenance of the society.

If you are also one of the Unitech Horizon apartment owners or any other Unitech Society apartment owner, I would request you to join our group to protest against these malpractices followed by reputed business houses - http://groups.yahoo.com/group/unitec...zon_residents/

allisonasson

Hello all,
I've just joined this site
There are some great posts here to learn